GCM Grosvenor (NASDAQ:GCMG) Insider Kathleen Patricia Sullivan Sells 15,037 Shares

GCM Grosvenor Inc. (NASDAQ:GCMG) insider Kathleen Sullivan sold 15,037 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $13.16, for a total value of $197,886.92. Following the transaction, the insider owned 44,795 shares in the company, valued at approximately $589,502.20. This trade represents a 25.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kathleen Patricia Sullivan also recently made the following trade(s):

• On Wednesday, September 2nd, Kathleen Sullivan sold 24,963 shares of GCM Grosvenor stock. The shares were sold at an average price of $13.15, for a total value of $328,263.45.

GCM Grosvenor Stock Up 2.1%

GCM Grosvenor stock traded up $0.27 during midday trading on Thursday, reaching $13.35. The company’s stock had a trading volume of 443,598 shares, compared to its average volume of 552,148. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a market capitalization of $2.71 billion, a P/E ratio of 25.67 and a beta of 0.83. The stock’s 50-day simple moving average is $13.20 and its 200-day simple moving average is $11.69. GCM Grosvenor Inc. has a 52-week low of $9.30 and a 52-week high of $14.87.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%.The business had revenue of $134.34 million for the quarter, compared to analyst estimates of $131.21 million. On average, sell-side analysts expect that GCM Grosvenor Inc. will post 0.7 EPS for the current year.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 1st. GCM Grosvenor’s payout ratio is currently 92.31%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GCMG shares. JPMorgan Chase & Co. raised their price target on shares of GCM Grosvenor from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Oppenheimer dropped their price objective on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Wall Street Zen upgraded GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Finally, TD Cowen lifted their price target on GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Institutional Investors Weigh In On GCM Grosvenor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GCMG. Royal Bank of Canada raised its stake in shares of GCM Grosvenor by 942.2% during the 1st quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock valued at $1,046,000 after buying an additional 71,497 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of GCM Grosvenor by 81.6% in the first quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock worth $389,000 after buying an additional 13,214 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of GCM Grosvenor by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock worth $339,000 after buying an additional 1,412 shares during the last quarter. Millennium Management LLC grew its holdings in GCM Grosvenor by 88.9% during the first quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock worth $7,647,000 after acquiring an additional 271,989 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in GCM Grosvenor by 200.5% during the second quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company’s stock worth $3,300,000 after acquiring an additional 190,486 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.